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Praseodymium neodymium oxide News
SunSirs: Chinese Light Rare Earth Market Has a Good Trend
June 08 2020 08:30:37SunSirs(Linda)

Recently, the price of the Chinese light rare earth market has rebounded, and the prices of praseodymium neodymium oxide and praseodymium neodymium alloy have continued to rise, and the light rare earth market has ushered in ‘spring’. According to the Rare Earth Sector Index of SunSirs, the rare earth index on June 4 was 334 points, an increase of 1 point from June 3, a decrease of 66.60% from the highest point in the cycle of 1,000 points (2011-12-06), an increase of 23.25% from the lowest point in the cycle of 271 points on September 13, 2015. (Note: The period refers to 2011-12-01 to present).

As of June 4th, the price of praseodymium and neodymium oxide in domestic rare earths rose by 1,500 yuan/ton to 274,500 yuan/ton; the price of praseodymium and neodymium alloys rose by 3,000 yuan/ton to 345,500 yuan/ton, and neodymium oxide and metal neodymium have different degrees of price increase.

Recently, the demand in the domestic rare earth industry has improved compared with before. With the gradual improvement of the European and American economies, the demand for permanent magnet manufacturers has increased, and the prices of praseodymium and neodymium rare earths have continued to rise, but the market price of light rare earth is still at a low level. The Customs Tariff Commission of the State Council announced the second exclusion list of the second batch of goods subject to tariffs imposed on the United States and Canada. The list mainly includes: rare earth metal ores, silver ores and concentrates, gold ores, nickel alloy plates/sheets/ribbons/foil, nickel alloys Wire, nickel alloy tubes, aluminum alloy tubes with an outer diameter not exceeding 10 cm, titanium tubes, nickel-cadmium batteries, etc. This time, rare earth metal mines will no longer impose tariffs imposed on the countermeasures against the US 301 measures, and will refund the already levied tariffs. There is a possibility of promoting the import of rare earth metal mines. This is the market for praseodymium neodymium oxide. It is a good support.

In the domestic rare earth storage and storage plan, medium and heavy rare earths account for a large proportion of annual output, which is expected to have a greater impact on the supply and demand and prices of medium and heavy rare earths. Taking into account that the current Myanmar customs closure still has a tight impact on the domestic supply of medium and heavy rare earth imports, once the implementation of the purchasing and storage plan as scheduled will have a greater impact on the tight supply and demand of heavy rare earth dysprosium and terbium, as well as price increases. The recent on-site market conditions are general, and the prices of heavy rare earths have remained at a high level; coupled with the resumption of production and production, the terminal new energy vehicle market has picked up, and the prices of heavy rare earths have remained high.

The Ministry of Letters issued the ‘Notice on Doing a Good Job in Implementing the Policy for Benefiting Enterprises in the Rare Earth Industry’, saying that the Rare Earth Office entrusted the China Nonferrous Metals Industry Association and China Rare Earth Industry Association to sort out and summarize the policy documents suitable for the declaration of rare earth companies, forming Compilation of production-related support policies. The policy is favorable to support the development of the rare earth industry. At the same time, Sino-US relations are somewhat loosened. The key products of rare earth trade between China and the United States are of great significance. National policies are conducive to the balance of supply and demand in the rare earth industry. The supply of the rare earth market has been normal recently. The demand has slightly increased, and the light rare earth market has gradually recovered.

Recently, the domestic demand for rare earth has risen compared with the previous, and the supply of the rare earth market is still tight. SunSirs analysts expect that the price of the rare earth market will continue to rise slightly in the later period.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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